Three months ago, the economy was robust. COVID was less lethal, and the global re-opening was exuberant. U.S. consumers were clamoring for domestic travel, houses, furniture, and automobiles. Wages were up 5.4% in 2021, the highest in 20 years, and GDP climbed to $24 trillion, a 5.5% increase after adjusting for inflation. (Click the image […]
Plan Legislative and Regulatory Update 3Q22
On August 3rd, the IRS released Notice 2022-33. The Notice extends plan amendment deadlines which required plan documents to comply with the Setting Every Community Up for Retirement Act of 2019 (“SECURE Act”) and the relief for 2020 required minimum distributions (RMDs) under the Coronavirus Aid, Relief, and Economic Security Act (“CARES Act”). (Click the […]
What’s in the New 401(k) Retirement Bills
As the end of the year approaches, the focus on retirement legislation is likely to heat up in Congress. There are three pieces of bipartisan retirement legislation currently making their way through Congress. The House’s SECURE Act 2.0 is expected to be reconciled with a merged version of two current Senate bills, known as the […]
Plan Legislative and Regulatory Update 2Q22
The Department of Labor’s new cryptocurrency guidance, released on March 10th, may have broader implications on the fiduciary obligations of plans that offer self-directed brokerage windows. (Click the image below to download a PDF copy and for clickable links.)
Market Summary 2Q22
”Recession Speak” has become the language of finance, and the factors which signify an economic slowdown are being debated with gusto. However, there is little agreement about the timing, severity, and length of the recession we may face. (Click the image below to download a PDF copy and for clickable links.)
NWCM’s Fiduciary Focus Edition 3
NWCM is pleased to present the third edition of our Fiduciary Focus publication, a summary of key fiduciary and regulatory topics tailored especially for plan sponsors. This edition focuses on cybersecurity and is designed to provide insights and guidance relevant to retirement plan management and administration. We recommend you save this document and we invite […]
Market Volatility and Your Retirement Plan
As market volatility continues, we understand that you may have feelings of uncertainty. These emotions are perfectly normal. Seeing your investment accounts decline in value can be unnerving, even to the most experienced investor. During these difficult periods, it’s critical to maintain perspective and focus on the actual long‐term timeline. Depending on where you are […]
Cryptocurrency and Defined Contribution Plans: Action Items for Plan Sponsors
Overview Cryptocurrency (or “crypto”) is coming whether we like it or not. That doesn’t mean it has to be in your retirement plan today, or, perhaps, any time soon – or ever. Crypto is a term used to describe “digital assets” including “tokens,” “coins,” “crypto assets,” and other derivatives. It can be a useful tool […]
Market Summary 1Q22
Three months ago, the economy was robust. COVID was less lethal, and the global re-opening was exuberant. U.S. consumers were clamoring for domestic travel, houses, furniture, and automobiles. Wages were up 5.4% in 2021, the highest in 20 years, and GDP climbed to $24 trillion, a 5.5% increase after adjusting for inflation. (Click the image […]
Plan Legislative and Regulatory Update 1Q22
On March 29th, the House of Representatives passed The Securing a Strong Retirement Act, H.R. 2954, also known as the SECURE Act 2.0.1 It builds on 2019’s SECURE Act and passed the House with a bipartisan 414-5 vote. (Click the image below to download a PDF copy and for clickable links.)